Cheap Apartments for Rent in Peru, IN
27 rentals
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Use arrow keys to navigatePET FRIENDLY$750 - $850/mo
1-2 Beds
1 BathMillstone Apartments | 1850 S Business Highway 31 #1854-2D,
Peru, IN 46970
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Apartments For Rent Near Peru, IN
We found 29 more apartments matching your filters just outside Peru
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INCOME RESTRICTED$985 - $1,449/mo1-3 Beds1-2 BathsCanterbury House - Logansport | 3405 Lindsay Dr #3-3453,
Logansport, IN 46947
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Average Rent Trends in Peru, IN
Rent in Peru, IN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $855 |
| Jul 2025 | $855 |
| Aug 2025 | $999 |
| Sep 2025 | $975 |
| Oct 2025 | $999 |
| Nov 2025 | $999 |
| Dec 2025 | $999 |
| Jan 2026 | $999 |
| Feb 2026 | $900 |
| Mar 2026 | $850 |
| Apr 2026 | $900 |
| May 2026 | $863 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $725 | $850 | $999 | $1,230 | $863 |
| Apartments and Condos | $725 | $750 | — | $1,400 | $750 |
| Houses | — | $855 | $1,000 | $1,230 | $1,000 |
Frequently Asked Questions about Rentals in Peru, IN
- What is the average rent of an apartment in Peru, IN?The average rent of an apartment in Peru, IN is $903 per month. This is about 53% lower than the national average.
- What is the average rent of a house in Peru, IN?The average rent of a house in Peru, IN is $1,000 per month. This is about 48% lower than the national average.
- When is the average rent cheapest in Peru, IN?In the last year, the average rent in Peru, IN was lowest in Feb 2025 when it was $725 per month.
- When is the average rent most expensive in Peru, IN?In the last year, the average rent in Peru, IN was highest in Aug 2025 when it was $999 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Peru, IN?The average rent of a 1 bedroom apartment in Peru, IN is $729 per month. That is about $79 more than the cost of a studio apartment.
- How many available rental listings are in Peru, IN?There are 27 available rental listings in Peru, IN.
- What are some zip codes in Peru, IN?
- What are some cities near Peru, IN?Some nearby cities include: Mexico, New Waverly, Onward, Denver, Bunker Hill. These cities may have more rental options to explore.